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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (57339)	10/22/2000 7:16:45 PM
From: Junkyardawg	Read Replies (1) \| Respond to of 63513

Sunday October 22, 2:26 pm Eastern Time Texas Instruments shares look cheap - Barron's NEW YORK, Oct 22 (Reuters) - Shares of Texas Instruments Inc. (NYSE:TXN - news), the world's No. 1 maker of semiconductors for mobile phones, appear cheap in comparison to those of other telecommunications equipment companies, according to the Oct. 23 edition of Barron's. TI is the leader in the digital signal processing (DSP) sector, and its company's shares could return to its old highs of nearly $100 a share, Barron's said. Wall Street expects the company to grow at 25 percent a year for the next five years, it added. TI derives about 85 percent of its revenues and earnings from DSP operations, and it is estimated that 15 billion DSP chips will be sold by 2010, Barron's said. That is in contrast to just 77 million sold in 1994, the financial weekly noted, citing statistics from Tempe, Ariz.-based Forward Concepts. DSP chips are used in items ranging from vacuum cleaners to telephones, TI's chief executive, Tom Engibous, told Barron's. ``It's the underlying technology of any real-time processing,'' the weekly quotes him as saying. TI shares closed up $1-3/4 at $47-1/2 in Friday trading on the New York Stock Exchange, below their 52-week high of $99-3/4, set in March.